🚀 SpaceX Q3 earnings blow expectations away! AI business surges 830% to become the biggest dark horse 🌌 Expectations of a “merger” between SpaceX and Tesla have set Wall Street ablaze!
SpaceX just released its Q3 2026 earnings, smashing expectations across the board. Its share price briefly surged more than 8% after hours! Here are the key highlights 👇
📊 Key earnings figures
Total revenue: $14.58 billion (up 161% year over year), far exceeding expectations!
Net income: $4.4 billion (vs. $1.88 billion expected), more than doubling expectations!
Diluted EPS: $0.35 (vs. $0.15 expected)
🤖 AI “Superintelligence (SI)” becomes the company’s largest revenue source
SI business revenue: $7.56 billion (up a whopping 830% year over year!), surpassing Starlink for the first time to become the company’s largest revenue pillar!
Growth drivers: Strong demand for cloud services, synergies from the acquisition of Cursor, and explosive growth in applications of the Grok model.
📡 Starlink and space businesses continue steady expansion
Satellite internet: Revenue of $5.25 billion (up 69% year over year), with Starlink subscribers surpassing 13.6 million!
Space launches: Revenue of $1.77 billion. Starship’s 14th flight successfully deployed Starlink V3 satellites into orbit and contributed commercial revenue for the first time!
💡 Outlook and highlights
Accelerating computing capacity: Q3 capital expenditure was nearly $20 billion, of which 84% went toward building AI/SI infrastructure (the COLOSSUS II computing center is being expanded).
Musk’s big announcement: Executives revealed on the earnings call that next year’s annual recurring revenue (ARR) target could reach as high as $1 trillion, and confirmed that a potential merger with Tesla is under discussion!
$TSLA.US
$SPCX.US
$NVDA.US
SpaceX just released its Q3 2026 earnings, smashing expectations across the board. Its share price briefly surged more than 8% after hours! Here are the key highlights 👇
📊 Key earnings figures
Total revenue: $14.58 billion (up 161% year over year), far exceeding expectations!
Net income: $4.4 billion (vs. $1.88 billion expected), more than doubling expectations!
Diluted EPS: $0.35 (vs. $0.15 expected)
🤖 AI “Superintelligence (SI)” becomes the company’s largest revenue source
SI business revenue: $7.56 billion (up a whopping 830% year over year!), surpassing Starlink for the first time to become the company’s largest revenue pillar!
Growth drivers: Strong demand for cloud services, synergies from the acquisition of Cursor, and explosive growth in applications of the Grok model.
📡 Starlink and space businesses continue steady expansion
Satellite internet: Revenue of $5.25 billion (up 69% year over year), with Starlink subscribers surpassing 13.6 million!
Space launches: Revenue of $1.77 billion. Starship’s 14th flight successfully deployed Starlink V3 satellites into orbit and contributed commercial revenue for the first time!
💡 Outlook and highlights
Accelerating computing capacity: Q3 capital expenditure was nearly $20 billion, of which 84% went toward building AI/SI infrastructure (the COLOSSUS II computing center is being expanded).
Musk’s big announcement: Executives revealed on the earnings call that next year’s annual recurring revenue (ARR) target could reach as high as $1 trillion, and confirmed that a potential merger with Tesla is under discussion!
$TSLA.US
$SPCX.US
$NVDA.US